Common use of Business Opportunities Clause in Contracts

Business Opportunities. During the Employment Term, Executive agrees to bring to Employer any and all business opportunities which come to Executive's attention for the acquisition, development, management, leasing or marketing of real estate for industrial or office use. In the event that Employer elects not to participate or take advantage of any such business opportunity, upon termination of Executive's employment with Employer for any reason, Executive shall be free to pursue such business opportunity, provided that such business opportunity does not cause any tenant to relocate from a facility owned and/or operated by Employer, PGRT or any of their respective subsidiaries.

Appears in 13 contracts

Samples: Employment Agreement (Prime Group Realty Trust), Asset Purchase Agreement (Prime Group Realty Trust), Employment Agreement (Prime Group Realty Trust)

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Business Opportunities. During the Employment Term, Executive agrees to bring to Employer any and all business opportunities which come to Executive's ’s attention for the acquisition, development, management, leasing or marketing of real estate for industrial or office use. In the event that Employer elects not to participate or take advantage of any such business opportunity, upon termination of Executive's ’s employment with Employer for any reason, Executive shall be free to pursue such business opportunity, provided that such business opportunity does not cause any tenant to relocate from a facility owned and/or operated by Employer, PGRT or any of their respective subsidiaries.

Appears in 3 contracts

Samples: Employment Agreement (Prime Group Realty Trust), Employment Agreement (Prime Group Realty Trust), Employment Agreement (Prime Group Realty Trust)

Business Opportunities. During the Employment Term, Executive agrees to bring to Employer any and all business opportunities which come to Executive's attention for the acquisition, development, management, leasing or marketing of real estate for industrial or office use. In the event that Employer elects not to participate or take advantage of any such business opportunity, upon termination of Executive's employment with Employer for any reason, Executive shall be free to pursue such business opportunity, provided that such business opportunity does not cause any tenant to relocate from a facility owned and/or operated by Employer, PGRT or any of their respective subsidiaries.. (e)

Appears in 1 contract

Samples: Employment Agreement (Prime Group Realty Trust)

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Business Opportunities. During the Employment Term, Executive agrees to bring to Employer any and all business opportunities which come to Executive's attention for the acquisition, development, management, leasing or marketing of real estate for industrial or office use. In the event that Employer elects not to participate or take advantage of any such business opportunity, upon termination of Executive's employment with Employer for any reason, Executive shall be free to pursue such business opportunity, provided that such business opportunity does not cause any tenant to relocate from a facility owned and/or operated by Employer, PGRT PGRC or any of their respective subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Prime Group Realty Trust)

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